Covid-19 global economic pandemic has negatively affected economies as a whole at the global, national and regional levels. The novel effects of the fluidity of Covid-19 appears to continue to have negative impacts on the macro business model as the global recession seems to be inevitable. You are working as a macroeconomist in economic affairs in your local country, and you are tasked with analyzing the impact of Covid-19 on the economy and you are required to prepare notes on what specific government policies can be implemented as a stimulus package to jump-start the economy savings and investment market. The team meeting will be held in 3 days from the date of the assignment and because of limitation of time the Chief economist has given you the following guidelines: (a) You are required to identify four (4) key macroeconomic issues from the impact of Covid-19, (b) For each issue identify in (a) explain in detail what specific government policy/ies would you implement (c) For each government policy/ies identify in (b) what would be the rationale for your choice of policy (d) Your answer should be accompanied by relevant diagrams. Diagrams are based on how COVID affected the economic issues.
Question: Problem Scenario
Covid-19 global economic pandemic has negatively affected economies as a whole at the global, national and regional levels. The novel effects of the fluidity of Covid-19 appears to continue to have negative impacts on the macro business model as the global recession seems to be inevitable. You are working as a macroeconomist in economic affairs in your local country, and you are tasked with analyzing the impact of Covid-19 on the economy and you are required to prepare notes on what specific government policies can be implemented as a stimulus package to jump-start the economy savings and investment market. The team meeting will be held in 3 days from the date of the assignment and because of limitation of time the Chief economist has given you the following guidelines:
(a) You are required to identify four (4) key
(b) For each issue identify in (a) explain in detail what specific government policy/ies would you implement
(c) For each government policy/ies identify in (b) what would be the rationale for your choice of policy
(d) Your answer should be accompanied by relevant diagrams. Diagrams are based on how COVID affected the economic issues.
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